CMGion Acquires Tribal Voice
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CMGion plans to integrate Tribal Voice's instant messaging technology as a component of its platform, which is aimed at improving the functionality and performance of Internet applications and content delivery.
The move enhances CMGion's offerings while accelerating and deepening the reach of Tribal Voice's PowWow, said David Wetherell, chairman and CEO of CMGI, and acting CEO of CMGion.
"As a company uniquely positioned to leverage synergies within our diverse network of companies, CMGI realized that integrating the PowWow technology into CMGion would broaden CMGion's content delivery offerings, while expanding the reach of instant messaging via a global distribution channel," he said.
These lines of business, include: infrastructure and enabling technologies; search and portals; e-business and fulfillment; interactive marketing; and Internet professional services; as well as CMGI's affiliated venture capital business, CMGI @Ventures.
"In addition to the benefits CMGion and instant messaging will reap from this acquisition, this transaction also allows CMGI to further define our infrastructure and enabling technologies business segment, and achieve significant operating and cost efficiencies across both organizations," Wetherell said. added Wetherell.
CMGion plans to retain the majority of Tribal Voice's technical team. To streamline business processes, the Denver office location will be closed. Employees retained in the Colorado Springs office will report to CMGion management headquartered in Andover, Massachusetts.
Additionally, Ross Bagully, CEO of Tribal Voice, has been appointed senior vice president, Instant Messaging, CMGI.